Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,264
Move to a low tax jurisdiction to avoid the income taxes on $500,000,000.00 while negotiating the total tax bill to Uncle Sam.
Too late... it is where you bought the ticket that would be the taxing event...
I bet you anything that if you bought the ticket in Illinois but lived in Florida or Texas where there is no income tax that Illinois would take their cut... and if you refused they would sue you....
Now, if you bought a ticket in Texas and lived in Illinois, you would still be on the hook for taxes since you were a resident....